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Released July 15, 2026 - get the latest angel network market intelligence

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WHAT'S INSIDE

FINDINGS

1. Texas and California led US deal activity. Texas topped the list with 7 deals (20%), followed by California with 5 (14%), as Q2 activity spread across 18 states.

2. Healthcare held its dominant position. Healthcare & Life Sciences captured 41% of featured deals, with Healthcare Devices and Supplies alone accounting for 28%.

3. International share recovered from Q1's low. International activity reached 10% of featured deals, doubling Q1's 5%.

4. Park City Angels and SideCar Angels led network activity. Both groups appeared in 3 featured deals each, ahead of all other networks this quarter.

5. Raise disclosure dropped to its lowest point yet. Only 31% of deals disclosed a raise amount, down from 43% in Q1.

6. US East Coast activity remained strong. 46% of US deals originated from East Coast states, consistent with Q1's 56% share.

Bonus: The 5 Rules of Angel Investing

When you subscribe, you'll also receive "The 5 Rules of Angel Investing" - insights distilled from my 50+ interviews with experienced angels and VCs.

What's inside:

• Why making only 3-5 investments is statistical suicide

• The founder trait that matters more than traction

• Why year 5-10 is where the magic happens

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The 29 Angel Networks

Every network featured during Q2 2026. Subscribe to access full profiles, contact information, and application links.

MOST ACTIVE NETWORKS

1. SideCar Angels – 3 deals

2. Park City Angels – 3 deals

ALL NETWORKS (A-Z)

Aggie Angel Network • Alamo Angels • Ambassadors Impact Network • Band of Angels • Baylor Angel Network • Bridge Angel Investors • CAV Angels • Central Texas Angel Network • Cowtown Angels • E8 Angels • Georgetown Angel Investor Network • Gopher Angels • Gulf South Angels • Harvard Business Alumni Angels of Greater New York • Hawai'i Angels • IrishAngels • Keiretsu Forum Southeast Europe • Keystone Investing • Maine Angels • Mid-Atlantic Bio Angels • Oregon Sports Angels • Park City Angels • RTP Angel Fund • Sand Hill Angels • SideCar Angels • Stanford Angels & Entrepreneurs India • SWAN Impact Network • Veterinary Angel Network for Entrepreneurs • VisionTech Angels

The 39 Companies

Companies that secured angel network backing across 5 sectors. Subscribe to access full company profiles, funding details, and participating networks.

SECTORS REPRESENTED

• Healthcare & Life Sciences (41%)

• Technology & Software (15%)

• Consumer & Commerce (15%)

• Other (13%)

• Energy & Industrial (15%)

ALL COMPANIES (A-Z)

AGED Diagnostics • AI Optics • Altimar • ASA Vault • Ateios Systems • Augmenteum • Avant Genomics • Bliss • BUCKSTOP • CAKE • Coastal Measures • Darkhive • Datalogz • Eyetronic • Gritsee • iDentical • ImmuneBridge • JuneBrain • Klinrisk • Lucid Bots • Mave Health • MXXY • NanosVet • NOPALERA • Pacific Hybreed • Pluvia Biotech • Q-rounds • RefloDx, Inc. • Strados Labs • SunRay Scientific • The Mended Company • Valuable • Variablegrid • Vendera Technologies • Vivifi Medical • Wire Wallet • Wootz • Work& • Zenblen

Unlock the Full Report

Get the complete analysis including:

• Infographic + 13 charts analyzing deal flow patterns

• Full profiles for all 39 startups and 29 angel networks

• Geographic analysis across 18 US states and 5 countries

• Sector breakdowns covering 15 subsectors

• Analysis of angel group participation in $63.8M funding raised

• Syndication details for 2 multi-network deals

• Texas Angel Ecosystem Spotlight

• Access to the live tracker (updated weekly)

• BONUS: The 5 Rules of Angel Investing

Plus: Get essential angel intel delivered every Thursday morning.

About The Diligent Observer

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